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The International Finance Corporation (IFC) of the World Bank Group has signed an agreement with LMI Holdings of Ghana to provide essential infrastructure services for manufacturing companies located in LMI-operated special economic zones in Ghana.
The International Finance Corporation (IFC) of the World Bank Group has signed an agreement with LMI Holdings of Ghana to provide essential infrastructure services for manufacturing companies located in LMI-operated special economic zones in Ghana.
As per the agreement, IFC would provide LMI Holdings with a loan of US$30 million to support its development plans in the two industrial zones. This will extend dozens of firms with the essential infrastructure they need to increase their productivity and competitiveness.
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Under the partnership, LMI will build a 16.8-megawatt rooftop solar plant that will power businesses operating in the Tema Free Zone (Tema FZ), on the outskirts of Accra, helping to contribute to Ghana’s climate agenda. LMI will also build a water treatment and distribution plant, with an initial capacity to treat 4,000 cubic meters per day to serve businesses in the new Dawa Industrial Zone (Dawa IZ), also on the outskirts of Accra.
